Giant REDD project Kariba left in limbo as investigation by Verra drags on

Published 16:38 on April 23, 2024  /  Last updated at 16:38 on April 23, 2024  / Paddy Gourlay /  Africa, International, Switzerland, Voluntary

The future of a troubled REDD avoided deforestation project in Zimbabwe has been left in limbo six months after it was suspended from the Verra registry.

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UN special rapporteur calls for moratorium on voluntary carbon markets to stop human rights violations

Published 12:12 on April 23, 2024  /  Last updated at 12:12 on April 23, 2024  / Paddy Gourlay /  Africa, Americas, Asia Pacific, International, Nature-based, Voluntary

The UN’s special rapporteur on the rights of Indigenous People has called for a moratorium on voluntary carbon markets to stop human rights violations.

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VCM Report: Creeping optimism in future of voluntary market fails to translate into higher prices

Published 17:30 on April 22, 2024  /  Last updated at 17:30 on April 22, 2024  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary

Optimism is creeping back into the voluntary market, although prices and liquidity were steady last week, and some standardized prices slipped lower from already very weak levels.

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Social Carbon consults on upgrades to voluntary standard as it seeks to align with ICVCM

Published 14:37 on April 19, 2024  /  Last updated at 14:37 on April 19, 2024  / Paddy Gourlay /  Aviation/CORSIA, EMEA, International, Nature-based, Voluntary

Social Carbon has opened a consultation on proposed updates to its standard for crediting voluntary projects, as well as the requirements for validation, monitoring, and verification, as it seeks to align with the Integrity Council for Voluntary Carbon Markets (ICVCM).

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India seeks exemption from UK’s CBAM -media

Published 11:51 on April 19, 2024  /  Last updated at 11:51 on April 19, 2024  / Paddy Gourlay /  Asia Pacific, Carbon Taxes, CBAM, EMEA, International, Other APAC, UK ETS

India is seeking an exemption from Britain’s planned carbon adjustment border tax (CBAM) as part of negotiations aiming to finalise a free trade deal with the UK, according to an exclusive in the Guardian newspaper.

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Drax firms up $600k offtake deal for BECCS credits in US

Published 21:07 on April 18, 2024  /  Last updated at 21:07 on April 18, 2024  / Paddy Gourlay /  EMEA, International, Nature-based, US, Voluntary

UK energy firm Drax Group has made another step in becoming a US leader in carbon removals through bioenergy with carbon capture and storage (BECCS) after firming up a reported $600,000 deal with an environmental consultancy.

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Off-grid solar company gets green light for large cookstove carbon projects in Africa

Published 15:50 on April 18, 2024  /  Last updated at 23:08 on April 18, 2024  / Paddy Gourlay /  Africa, Americas, EMEA, International, US, Voluntary

A project developer plans to distribute 600,000 energy-efficient clean cookstoves in Africa as part of a multi-million dollar grant to decarbonise the electrical grid in Uganda.

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Gold Standard approves CDR methodology for biomass fermentation

Published 06:05 on April 18, 2024  /  Last updated at 17:19 on April 17, 2024  / Paddy Gourlay /  Americas, International, US, Voluntary

Gold Standard has approved its first geological storage methodology as it steps into the carbon removal (CDR) sector that is starting to shift from a niche market into the mainstream.

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Corporations still paying a premium for highly rated nature-based credits, research finds ahead of CCP arrival

Published 11:39 on April 17, 2024  /  Last updated at 11:41 on April 17, 2024  / Paddy Gourlay /  International, Nature-based, Voluntary

Corporations are still paying a premium for higher rated nature-based carbon credits, according to research by a rating agency ahead of the emergence of the first credits earning the ICVCM’s Core Carbon Principle (CCP) stamp of high integrity.

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VCM Report: SBTi spark fizzles out by end of week, voluntary carbon prices little changed, liquidity thin

Published 19:11 on April 15, 2024  /  Last updated at 19:11 on April 15, 2024  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary

Prices were little changed last week on low volume, but the Science Based Targets initiative (SBTi)’s sudden change of policy to allow qualifying voluntary carbon credits to be used to offset some corporate emissions could inject a surge of investment and interest in the voluntary market.

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